South African Reserve Bank (SARB) Vacancies

To apply, click on the link at the end of the posts and all the best with your applications

Associate Reporting Systems Inspector

Job Description

The successful candidate will be responsible for the following key performance areas:

• Participate in the testing of new authorised dealer reporting systems against set requirements and standards.
• Participate in on-site visits and identify reporting exceptions.
• Perform general administrative duties including, but not limited to, the preparation of written correspondence to authorised dealers.
• Analyse information, prepare reports based on findings and provide regular status updates to the team leader.
• Engage in short-term planning and perform tasks against work plans as defined in conjunction with the team leader.
• Work independently within established inspection best practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Deliver work that meets the time and quality standards set by senior staff, leading to effective daily monitoring and reporting of all reportable transactions.
• Engage with internal stakeholders and participate in meetings with external stakeholders.

Qualifications

Job requirements

To be considered for this position, candidates must have:

•    a Bachelor’s degree in either Computer Science, Information Systems, Informatics, IT Auditing or an equivalent NQF 7 qualification; and
•    two to five years’ experience performing IT auditing, general system control reviews, IT security reviews, IT governance and data analysis, preferably in the financial sector.

Additional requirements include:

•    knowledge of:
–    the Operations manual for reporting;
–    risk management and compliance practices and standards;
–    exchange control legislation, governance, risk and compliance;
–    the Control Objectives for Information and Related Technology (COBIT) and the Committee of Sponsoring Organizations (COSO) frameworks;
–    Business continuity planning; and
–    IT general controls and application controls;
•    competence in data analytics tools (e.g. SAS or ACL);
•    competence in Microsoft Office software packages (e.g. Excel, Word, PowerPoint);
•    proficiency in verbal and written communication (including presentation and report-writing skills);
•    a drive for results; 
•    analysing and problem solving;
•    innovation and creativity; and
•    service and stakeholder focus.

Click here to apply

Project Accountant

Job Description

Brief description

The main purpose of this role is to oversee, monitor and co-ordinate financial management activities across the Corporate Services Department’s construction programmes to ensure proactive and effective planning, coordination, accurate central document repository, execution, progress monitoring and reporting.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Prepare estimates, budget and manage expenditure within the approved budget.
• Centrally coordinate all financial management aspects of the CSD Programmes.
• Effectively communicate with Programme and Project Managers (PM), Controls Lead, and any other relevant stakeholders regarding project financial matters.
• Collaborate with Financial Services Department in the creation and set up of a suitable project accounting structure, linked to the relevant financial processes and activities, in the Oracle ERP accounting system.
• Maintain detailed records of all financial management artefacts for the project in a central document repository, structured appropriately to meet all audit and governance requirements.
• Oversight, tracking and attestation of services delivered in accordance with approved milestones, deliverables, contracts, review and approval of supplier invoices prior to payment, in close collaboration with Programme and Project Managers.
• Centrally coordinate the compilation of a detailed programme budget by liaising with all key stakeholders.
• Ongoing budget, variance, forecasting and expenditure management.
• Generate monthly variance reports for management approval.
• Prepare budget motivations as and when required.
• Generate and distribute regular, accurate financial status reports to key stakeholders.
• Prepare financial reconciliations and distribute for management approval.
• Recommend and implement agreed process improvements to the financial management activities.
• Provide support of auditor requirements, which may include research and reconcilement.
• Perform additional assignments, as directed by the Controls Lead.
• Communicate and coordinate with the project teams.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• a Bachelor’s Degree (NQF7) in accounting.
• Intermediate to advanced computer literacy, including experience in word processing, spreadsheets and accounting software.
• Five to eight years of financial management experience, with at least 2-3 years in a construction environment

Additional details

• knowledge of Oracle ERP Accounting Software or other accounting platform will be beneficial.
• a thorough knowledge of standard contract terms, including hourly, lump sum, not-to-exceed and how they are applied in the billing process.
• ability to work well with others under deadline situations and respond to changes in priorities.
• good written and verbal communication skills and strong analytical skills.
• ability to work independently, take initiative, set priorities and see projects through to completion.
• employ problem-solving skills and analysis, and report problems to Controls Lead, as necessary.
• strong proactive service orientation.
• knowledge of the project structure in a client/consultant business environment

Click here to apply

Senior Test Analyst

Job Description

Brief description

The main purpose of this position is to oversee the design, development and execution of test strategies, test plans and test cases that verify software conformance to the defined acceptance criteria (i.e. system behaviours), feature design documents and application standards to ensure the delivery of quality solutions for the South African Reserve Bank (SARB).

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Conduct functional, integration, usability, configuration, installation, system, regression, performance, user acceptance and operations readiness testing.
• Perform gap analyses and analyse business requirements to ensure comprehensive testing can be done.
• Create test strategies, approaches and test cases, including test estimation, to maintain a structured approach during testing.
• Plan, design, develop and deploy testing techniques for new solutions, products, applications and enhancements to existing applications throughout their development life cycles.
• Stay updated with advancements in information and communications technology trends, specifically within the testing field, to design and develop the most appropriate test approaches and solutions.
• Generate progress and quality reports that include test results and statistics to support the final approval for solution implementation.
• Assist in creating user manuals.
• Engage with internal and external user communities to ensure that business benefits are realised.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• an Honour’s degree (NQF 8) in Information Technology (IT) or an equivalent qualification;
• at least 8 to 10 years’ experience in an IT environment; and
• certification from the International Software Testing Qualifications Board (ISTQB) and a database or structured query language (SQL) qualification will be an added advantage.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• IT enablement legislation and governance, risk and compliance;
• application design and development;
• infrastructure testing;
• systems development life cycle (SDLC);
• manual and automation testing; and 
• operations.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Click here to apply

Manager: AML / CFT (Onsite)

Job Description

Brief description

The main purpose of this position is to assist the Prudential Authority (PA) in discharging its supervisory duties, as defined in the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act), in respect of banks and life insurers. 

Detailed description

The successful candidate will be responsible for, among other tasks, the following:

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks’ compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.
• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.
• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the department’s supervisory calendar.
• Perform the duties relating to the administrative arrangements for each inspection and on-site review.
• Maintain a project plan to be followed for individual inspections and on-site reviews.
• Execute inspections and on-site reviews at the premises of individual banks and life insurers.
• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.
• Ensure that on-site inspections are risk-based and effective.
• Provide management information in respect of the progress of inspections and on-site reviews. 
• Manage the performance of the AML/CFT team.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act; 
• an understanding of PA supervision, regulation and legislation;
• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and report-writing skills.

Click here to apply

Senior Economic Policy Analyst

Job Description

Brief description

The main purpose of this position is to provide senior-level technical expertise and strategic leadership to the Regional Engagements Division, enabling the advancement of regional central banking priorities in partnership with other central banks and international stakeholders. This role offers the opportunity to lead cross-functional initiatives spanning banking supervision, financial stability, financial markets development, legal and governance frameworks, macroeconomic research, ICT, and business resilience. The successful candidate will be at the forefront of pioneering strategic projects, shaping the next generation of central banking initiatives for the Common Monetary Area and the SADC region through the Committee of Central Bank Governors (CCBG), and will play a key role in driving the division’s efforts continent-wide, including executive-level support in high-impact meetings.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Provide strategic input and senior leadership in advancing the strategic objectives of the regional engagements’ unit.
• Lead and facilitate the coordination of research papers on specific topics affecting central banks in the region.
• Provide thought leadership on pertinent issues affecting the region through the monitoring and evaluation of global, regional and domestic macro-economic development indicators and trends.
• Drive efficient delivery of project management functions on select subcommittees as part of the secretariat service provided to regional forums, specifically CCBG and CMA.
• Oversee the update of periodic statistical documents for SADC Countries, ensuring timely submission of accurate data and adequate monitoring for strategic input to executives.
• Facilitate briefing sessions for Governors and senior officials for participation in international meetings including review of meeting packages, development of briefing material and speaking notes/speeches.
• Liaise with regional and domestic stakeholders and assist in management of stakeholder engagements and efforts to build strategic relationships.
• Participate in and coordinate the Banks representation in regional and domestic organisations and forums.
• Provide support to the Head of the CCBG Secretariat in managing projects, delivery of conventions and communication with relevant constituencies.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• a postgraduate qualification in Economics, Finance, Business Administration – NQF Level 8 or equivalent 
• a minimum of ten years of relevant experience in the financial sector with policy experience in the region an advantage

Additional requirements include:

• knowledge of regional economic and financial institutions
• project management experience
• computer literacy 
• analytical skills
• problem solving skills
• excellent verbal and written communication skills
• diplomacy and team leadership skills
• negotiation skills
• demonstrated stakeholder management ability

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Click here to apply

Cloud Architect

Job Description

Brief description

The main purpose of this position is to research, plan, architect, design and deploy infrastructure cloud solutions within the South African Reserve Bank Group (SARB Group).

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Research and recommend emerging and fit-for-purpose infrastructure (servers, mainframe, storage, etc.) solutions and participate in the procurement of such solutions aligned to the business strategy.
• Define and evolve the SARB Group’s cloud architecture in alignment with the to-be architecture.
• Plan and develop cloud architecture blueprints and roadmaps for cloud solutions in alignment with industry best practices and standards.
• Oversee the implementation of cloud infrastructure designs and ensure alignment with industry best practices and standards.
• Provide expert guidance on cloud adoption and cloud cost management strategies.
• Oversee the management of the cloud technology life cycle.
• Lead the design of cloud native solutions.
• Implement and maintain the governance and security model for the cloud as developed by the Cyber and Information Security Unit.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the cloud infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed cloud infrastructure solutions and technologies.
• Identify, address and remediate risks in the cloud environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in cloud architectures and technologies.
• Provide cloud architectural expertise as part of information and communications technology (ICT) infrastructure projects and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• a minimum of a Honours degree (NQF 8) in IT, computer science or an equivalent qualification;
• TOGAF certification;
• ITIL v3/4 and COBIT 2019 will be an added advantage;
• AWS Certified Solutions Architect;
• Microsoft Certified: Azure Solutions Architect;
• VMware Certified Professional (VCP) will be an added advantage;
• Certified Cloud Security Professional (CCSP) will be an added advantage; and 
• a minimum of 8–10 years’ experience in cloud infrastructure architecture with a strong track record of designing and implementing cloud infrastructure solutions in enterprise organisations.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance; and
• continued learning and/or professional development;
• excellent technical knowledge of cloud services;
• continuous improvement of cloud services;
• comprehensive hands-on cloud services troubleshooting experience;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaising with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant; and
• understanding of critical IT processes (incident, configuration and change management) and other technical procedures.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Click here to apply

We wish you all the best with your applications